The bullion metals, gold and silver in the domestic market is growing strongly. An increase has been recorded in the crude oil but the base metals are still trading under pressure.

Currently, with a gain of 0.2 per cent, MCX gold is trading at Rs.30,560 while MCX Silver is at a gain of 0.4 per cent is trading at Rs. 57,835. MCX Crude oil has risen 0.5 per cent and is currently at Rs. 4630.Although base metals have declined 0.25-0.5 per cent on MCX.

Meanwhile on NCDEX turmeric with 1.5 per cent growth is trading at Rs 5,160. Similarly the red pepper is trading around Rs 5,070 with a gain of 1.5 per cent. However, NCDEX soybean and Soyatel have declined 1.5-2 per cent. MCX crude Pamtel has also slipped 1.5 per cent to Rs 421.50. With a gain of 0.1 per cent on MCX cardamom is trading at Rs 766.80.

NCDEX Castor Seed with growth of
1 per cent is trading at Rs. 3875. Khali has climbed up around 1 per cent, Cotton December futures have surged down. NCDEX has seen the weakness in the
spices. Cumin in December futures contract has slipped nearly 2 per cent to Rs 14,800. Turmeric
and pepper declined by 1.5 per cent in the December futures.

Watching the cues from global market and market sentiments, in the evening trade, we expect bullion metals and crude oil prices to trade firmly. On the additional note, weakness in DX may also work as a supportive factor for commodity market. On the Domestic Front, MCX Gold nearing towards rs 31100.

MCX initial weakness in base metals is intact. All metals on MCX is trading with the red mark. Nickel has seen a decline of 0.65 per cent.
Despite the sharp decline in international market growth is being seen in NCDEX sugar futures in October. October sugar futures on NCDEX November futures is trading higher than Rs 100. Soybean yields due to the decline in prices is going to be under pressure. Although the domestic market at prices higher than the international market Soybin has declined. Sibot soybean prices slipped below $ 15.

MCX Tips for today:

Today in the commodity market mixed trend was seen in the base metals. The initial rapid decline was in copper. The lead and zinc are trading with losses, due to the selling pressure on the London Metal Exchange. Projected to decrease demand weakness in base metals pack.

With an increase of 0.25 per cent on MCX Copper is trading at Rs 435.75. Nickel has also gained 0.25 per cent. However, aluminum, lead and zinc slipped 0.1-0.5 per cent and are trading in red.

After yesterday's buoyancy, crude oil has come under pressure again. Both in the domestic and international markets business is weak. Today, the American Petroleum Institute report is forthcoming. It is believed that this time may be the crude oil stocks increases in U.S. The U.S. Energy Department report on Thursday will issue its report.

Gold and silver trading is now very weak. With a gain of 0.3 per cent on MCX gold is trading atRs 31,425. The slight decline with silver is trading flat at Rs 61,660.

Mounting position limit in the soy oil prices have gone up. Important thing is that soy oil prices in the international market is falling. Brazil and Argentina, including a record soybean crop this year is estimated to be in India. Affect in terms of currency, the highest in the country imported palm oil prices rose less than soy oil.

NCDEX soy oil at the moment with a gain of 1 per cent is trading above Rs 660. Gram festive season demand estimated to have support. Chana on NCDEX moved up 1.5 per cent to Rs 4,470 with doing business.

The decline in the international market had a negative effect on the bullion metals in the domestic market. The precious metal were in a state of weakness in case of the gold and silver. In COMEX gold and silver than declined from 1.5 per cent and 0.4 per cent respectively. NYMEX, the crude oil slipped 0.5 per cent. Copper on the London Metal Exchange has weakened 0.6 percent.

The slight fall on MCX gold is trading at Rs 31,150. The silver is down 0.6 per cent to Rs 61,440 apart. With marginal gains of 0.1 per cent on MCX Crude oil is trading at Rs 4,680. 0.5-1 per cent decline in base metals on MCX is seen.

Meanwhile on NCDEX chilli declined by 1.5 per cent. 0.5 per cent in the cumin and turmeric has weakened. However, mustard and sugar on NCDEX has gained 1.5 percent.

International market is trading flat in case of the bullion metals. The yellow metal and the white metal both were trading flat in the international market. In the COMEX gold was seen with a sluggish sluggish gold is seen, although the price per ounce in 1797. Above $ 35 per ounce, while silver is currently trading flat.